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FOX Business
Oct 1, 2012 4:00pm EDT
and john manly says why it's time to buy into some european markets, huh, i don't know. we got to get to that. rich edson, mr. ben bernanke had a strong message to congress, to the markets, but -- go ahead -- there was a message for main street. tell us about that. >> yeah, he did. a number number of different wae put it, a big defense for qe3 and the monetary policy has been pursuing this in response to the fox business network. the u.s. is not in a recession now. he's worried about stagnation, not monetizing the debt. he says they'll sell asset off, and they expect to keep policy like this, monetary policy like this even after a considerable improvement in the markets. he also talked about savers. you have money in savingsing thes, getting little, really, in return. >> the best and most comprehensive solution it -- is to find ways to get a stronger economy. only a strong economy can create higher asset values at sustainably good returns for savers. without a job, people won't be able to buy a home or pay for an education ire irrespective of te current level of interest rates. >> say
Sep 27, 2012 4:00pm EDT
with you, rick. john taft, let me ask you about your clients. you've got to put money to work in this environment. how do you do it when we see the fundamentals are not keeping up with some of this market performance? >> it's a real challenge. the private client was tremendously traumatized by the financial crisis and spooked by technology glitches and continuing scandals in the marketplace. they still don't trust that if they put their money in stocks, bonds, mutual funds, it's going to grow in value over time. we've been encouraging them in as many ways as we can to move out of cash, move out of bonds, which they perceive as safe but have their own risks, into at least a benchmark waiting in equities. the problem is all through this year you've had overhanging uncertainty in the marketplace. first, u.s. economic growth, china, european sovereign debt crisis. those have been replaced right now by, as you've mentioned, fiscal cliff and debt ceiling negotiations. the investor is confused about where to go, but those investors who stayed in cash missed this rally that we've had
Sep 27, 2012 3:00pm EDT
's an exclusive interview later this hour. also, don't miss my exclusive with john thain in the next hour. let's look at where we stand as we enter the final stretch. as i mentioned, the market had been up about 100 points earlier. we're very shy of the highs of the day. financials doing well. bank of america one of those dow components. jpmorgan as well. check the s&p 500. here's a look. again, that is the highest of the day. just shy of it, actually. up 14.5 points. better than 1%. we mentioned that gdp data. let's not forget we also had a dismal report on durable goods orders, once again showing weakness in this economy. investors not worried about these numbers today. >> we got decent news out of europe and china this morning. either way, we're asking if investors should think twice before buying into this kind of a rally based on what the u.s. economy is telling us right now. let's talk about it in today's "closing bell" exchange. we have larry blazer from mayflower advisers and our own rick santelli and mandy drury. larry glazer, you happen to believe that economically there's an iceberg
Oct 1, 2012 4:00am PDT
.c. getting ready for wednesday's debate coverage is john berman. hey, john, good morning. >> we're doing debate prep just like the candidates here in washington. start overseas, soledad. the taliban taking responsibility for an attack in eastern afghanistan that killed at least 14 people. civilians, police, and three nato soldiers. officials say the suicide bomber targeted a joint patrol using a motorcycle packed with explosives. this attack comes a day after a firefight left two americans dead, including the 2,000th u.s. military member to be killed in afghanistan. >>> syria's foreign minister takes center stage on the final day of the u.n. general assembly session. he will address the delegates latest this morning and defend the assad regime's handling of the 18-month crisis that has spiraled into a civil war. syria has been a prime focus for world leaders at the united nations over the past week. >>> we are expecting an announcement today in that mystery surrounding the location of jimmy hoffa's remains. investigators are waiting for tests on mud and clay samples from a home in suburb
Sep 25, 2012 5:00pm EDT
was signed at google headquarters a short time ago. the governor is with our john fort in an exclusive cnbc interview. john, take it away. >> thanks, governor. thanks for spending some time here. driverless cars used to be a technology of the future. it's here now. will this kind of technology pull california forward because there's so much pessimism about the state of this state's economy. >> well, there's pessimism in new jersey or texas, but in california, there's unbounded optimism. apple started right here when i was governor, is now biggest corporation in the world. here we have at google. can save on energy. enables people who otherwise couldn't drive to be in that car. it can bring a greater efficiency to the roads because cars can be closer together, as things were perfected. we have automatic pilots for airplanes. we have drones. the technology is always changing, and california is changing with it. >> talk to me about the state of california a little bit. prop 30, we're going to have on the ballot in november. a tax on the wealthiest californians. i think it tops out at 12.3% for
Sep 28, 2012 2:00am PDT
welcome to "early start." i'm zoraida sambolin. >> and i'm john berman. it was at long last it was safe to play and to watch a pro football game. the real nfl officials made their season debut last night. the crew got a standing ovation from the crowd in baltimore before the ravens/browns game. football and therefore life as we know it nearly unraveled during prechaotic weeks with those replacement referees. roger goodell apologized to fans for the lockout but insisted the league and the referees were close to a deal even without that debacle last monday night. >> i believe we would have reached an agreement this week regardless of monday night or sunday night or the past weekend. everybody was to the point of getting this concluded. >> so how did the real guys do? cnn's nischelle turner is live in los angeles. what did unthink? any bad calls? >> reporter: well, it depends on who you're rooting for basically, john, you know, yes, the refs -- the real refs got a standing ovation last night and everyone was breathing a sigh of relief that they were back on the field but you kn
FOX Business
Sep 28, 2012 11:00am EDT
john thain denies it the gullible reporter or not. he wants to sell cit, and this is why you watched fox business because they giv we give you tht up-to-date stories. there's not that he is trying to sell or that he wants to sell, but that he cannot sell it right now. he has a huge problem on his hands. very difficult for cit to grow organically and by acquisition because it is on the fed watch list. still fell into bankruptcy, never paid back the government essentially stiffed the taxpayers. john thain came in afterwards and ran it. since then he is trying to rebuild it. doing a fairly decent job, but he can't really grow it because they're on this watch list. apparently he cannot sell it. all the banks he wanted to sell to, the u.s. banks, the big banks woul which you want to uss the ability to get in and run one of these institutions, they cannot write it because the bank regulators don't want these too big to fail banks to get even bigger and more systemically important and risky. that is one of the problems he has right now. right now he has a problem with selling it. ci
Oct 2, 2012 4:00am PDT
role. john coffee, a law professor at columbia university, joins us via skype this morning with his legal insights. good morning and good to have you on the show. > > good morning to you. pleasure to be here. > > is it difficult for investors to get these cases to court? > > it's not difficult in the context of an ipo. there's probably no other legal context where the balance or the advantage is tipped as sharply in the favor of the plaintiffs as in the world of ipos and other registered securities offerings. > > i spoke with one attorney going to bat for clients against facebook. he says the case is stuck in procedure. is that the norm? > > the norm is that there's an awful lot of organization in the case. a case doesn't get started right away until one team of plaintiffs gets control of the litigation. then the next thing that will happen is that the defendants will make a motion to dismiss. that's the really critical motion, because typically if the defendants cannot get the action dismissed at the outset, then we're likely to get into settlement negotiations, which may take a ye
FOX Business
Sep 26, 2012 6:00pm EDT
debates have not moved the numbers all that much. four years ago when barack obama debated john mccain, mccain was down by five points when he went into his debate, and when he came out of the debate, he was down by six points. virtually no change. i think events on the ground, perceptions of the economy, economic news, perhaps things from the middle east still could have a bigger impact than these debates. cheryl: scott rasmussen, it's fascinating to see what your numbers are showing us, and they have been changing over the last several weeks. scott, thank you. >> thank you, cheryl. cheryl: well, still to come, everyone, ann coulter is going to be joining me with a look at her new book, "mugged." and coming up next, getting criticized from the inside. william isaac is going to tell us how washington failed america during the massive financial crisis. ally bank. why they're always there to talk. i love you, james. don't you love me? i'm a robot. i know. i know you're a robot! but there's more in you than just circuits and wires! uhhh. (cries) a machine can't give you what a person can. tha
FOX Business
Sep 29, 2012 8:00pm EDT
and three other americans. lou: john kerry spent -- set to spend the next three days with the president outside las vegas preparing for that debate. one can only imagine the attention that might exist between the two. brad, let's turn to the issue of what the republicans are doing, what specifically governor romney is doing, and why there is such a -- it is a grievance lack of coordination of interest in the issue amongst governor romney, john boehner, mitch mcconnell, and the other leaders in the republican party including, of course, rnc chairman, reince. >> we need a united front. the administration lied because they didn't follow the narrative that bin laden's dead and gm is alive. bin laden is dead, great thing, but al-qaeda is alive and well and its affiliates killing u.s. ambassador and the three americans. where is the outrage, the legitimate outrage on the part of the republicans to come out to get to the baht dome of this? i think the story is going to have legs because it gets worse every day, and we should be dodging kerry now at every move saying what are you doing as a mem
FOX Business
Sep 30, 2012 8:00pm EDT
of the president and white house of the murder of ambassador christopher stevens and three others. john kerry is rumored to be the president's choice to be hillary clinton's replacement. all 18 members of which, republicans and democrats, have signed a letter acceptability to the administration asking for a full accounting of the benghazi terrorist attacks and the events in yemen and egypt. the white house continues to give every appearance of stone walling, both the congress and the press. almost three weeks have passed since those attacks, and leaked from within the white house, an intelligence community suggests the obama administration has been involved in an outright cover up. there are reports tonight that officials within the administration were concerned from the very beginning about the message the white house chose to push after the attack. the attack that was spontaneous they said, and not at all the work of terrorists. here's white house spokesman jay carney back on the 14th of september. >> the incident in benghazi, as well as elsewhere, but these are all being investigated, what
Sep 25, 2012 2:00pm PDT
ahead for six weeks and beyond? john heilemann is new york magazine national affairs editor and an msnbc contributor. and i must give you congratulations, john. i was out there with you, you and mark halperin wrote the book that picked up four, count them, four emmys this weekend, this sunday night. we all watched. it must be amazing to be part of a show that included that first hour or so of that show and then it got intellectual when you got up there. it was pretty impressive. congratulations. it's all part of television. susan page, thank you. i'm sure you'll get your emmy come day for front page reporting with "usa today." let me ask you about a game changing situation. i know you don't want to give away your next book. it seems bill clinton's speech in charlotte not only changed the political sort of feel but people gab to feel coming ou the of that according to some polling i have seen feeling better about the economy objectively. >> yes. >> tell me about that. >> i think hugely important that speech. i think in a way even conservatives have ok nageed the speech was kind of a game
FOX Business
Oct 2, 2012 4:00pm EDT
optimism -- what is causing the drop in confidence? we will ask former governor john england next. south [ mujahid ] there was a little bit of trepidation, not quite knowing what the next phase was going be, you know, because you been, you know, this is what you had been doing. you know, working, working, working, working, working, working. and now you're talking about, well you know, i won't be, and i get the chance to spend more time with my wife and my kids. it's my world. that's my world. ♪ >> time for a quick speed read of some of the day's other headlines. five stories in a minute of the boeing union technical engineers rejebbed aerospace giant's first contract offer. the union says boeing's proposed pay raises would not keep up with inflation. >>> american airline passenger seats came unbolted. this is the latest hurdle for the bankrupt airline trying to improve low on time, arrive al rates. >>> spirit airlines will begin charging passengers $100 for carry on fee for last minute payers. the airline is raising the fee to cut down on number of passengers who don't pay in advance.
Oct 1, 2012 6:00am PDT
. and senator john kerry is playing the poll. and rob port man is acting as romney. >> both are excellent in their own way. you could argue that mitt has had a lot more recent experience. >> the president has a day job. the president has been president and not had the time to practice. all we hear about is how much mitt romney is practicing, practicing, trafficking. >> we'll see how it goes. debate is on wednesday. focus on domestic policy. romney is speaking about foreign matters. he says today that the president has shown weakness. >> the supreme court is set to tackle big cases today. the court will take on issues relating to same sex marriage and privacy issues. 6 of the 9 justices. it's the traditional mass held the day before the start of a new session. time now is 6:10. from the blue angels to the america's cup. the big event that could create a traffic nightmare for bay area drivers this week. >> the political and personal secrets of this man, arnold schwarzenegger. his revealing interview last night on 60 minutes. >> should have been one of the best days of their lives. the coupl
Sep 26, 2012 6:00am EDT
today. john harwood joins us from washington. another development. i think you have to admit. might put romney over the top. that is madonna says she's going to take all her clothes off if obama were to win. >> no way! >> yes. >> she's already done that. >> that's what becky said. what's new? i think that might put romney over the top, like no, no! but you never know. >> she reinvents herself all the time. maybe she can reinvent herself as a 50-something pin-up. >> she tried to -- she said at a concert, you better support expletive obama, and then she called him a muslim or something. >> i saw some headline on twitter that said support the black muslim. >> yeah. the campaign is going stop, please! just don't -- just leave us out of this, please! anyway, ohio. who's in the north, who's in the south? that state is very different, cincinnati versus cleveland and columbus in the middle. where are the respective candidates? >> honestly, joe, i don't know. i do know that there is a new "new york times" cbs poll out that shows obama ten points ahead, which is higher than i have seen in other p
FOX Business
Sep 28, 2012 3:00pm EDT
, hillary clinton, rudy giuliani. this is the type of guy john thain is. liz: you know what he got in the mail, their portraits off the wall from the boardroom. why is that necessary? >> why did he do that? liz: the seagram's people did that. and then they got rid of it. this is inside hollywood. they did. removing company history. that was huge history. charlie: that was one of the iconic moments in finance. remember, terrace attack new york city, basically take down the world trade center, destroyed the communications. verizon has its communication hub there. it is all down. down for a week. what does grosso do, he brings it back. liz: he is a relic. charlie: he did a great job. obviously, getting people, the tech people, involved. liz: puts the pictures back. charlie: duncan -- liz: where were they, in the basement? charlie: it was an urban legend. i checked today, it is not true. it has bounced around the floor of the new york stock exchange that thain erase or photoshop grosso's face and then put that 917 picture back. i am not believing that one. he did take down that picture
Sep 25, 2012 4:30pm PDT
"politics and the pits" with erika miller and oil trader john netto, president of m-3 capital. tomorrow, we continue "politics >> how are traders in general viewing the election? >> well, the election is opinions aside, and no entity. obama is ahead. all the polls in the key states, the battleground states, obama has a lead as well. the markets discounted an obama win, and as a result, this bullish for risk, and for oil as well. >> how high do you continuing crude could go? >> i think $96, $97. not because of an obama victory, but because of bifurcation economically around the world. oi. the split side, what happen fist we can have a romney victory. >> i think oil rallies in either case. if romney wins, it rallies more, because romney victory is risk conducive which would send oil higher. >> ho how big is the uncertaint? >> much less than a few months ago. the morkt has begun to sdounlt an obama victory. not because of political uncertainty, but more because of economic certains. >> once we get beyond the election, what will be the driver for crude? >> economic growth, hands down. fi. we lo
Sep 25, 2012 12:00pm EDT
amount of skepticism, as john temple ton famously said, bull markets grow on skepticism, die on euphoria. we clearly haven't gotten past the skepticism phase. people are optimistic about their own lives but skeptical about everything else. and, therefore, we're going to move from that skepticism eventually to some form of optimism or lack of skepticism, and that means people who haven't been in the market will get in. they will capitulate and push the market higher. >> do you have a time in mind or wait for the signals to tell you that change has happened? >> this year we started a process where very large stocks started outperforming. usually that happens just 40% to 60% through the way of the bull market. i think we're halfway through the bull market and we have several years fully to run. >> the comments we hear out of federal express, caterpillar, norfolk southern, intel, the market looks past those and wants to believe the fed with the backstop will allow these prices to go higher. i'm a believer this rally has been built on a very accommodative fed and not the pillars it needs to b
Sep 25, 2012 3:00pm EDT
's not the automakers bringing it to the golden state. john ford is at google headquarters with the story. >> reporter: google and self-driving cars, california's governor about to sign a bill that moves those really close to being a reality for everybody else here in california. he's going to arrive here in just about 20 minutes. now, last year nevada signed a similar law that allowed self-driving cars on the road. that just went into effect this year. california is the big deal here because there are more than 30 million licensed vehicles on the road in california, making it the biggest state for cars by far. last month california -- sorry, google announced that more than 480,000 miles had been driven in the self-driving, driverless cars without an accident. that's a pretty big deal. they're hoping that this technology will spread. one thing to note, google uses these cars to collect map data, which is one advantage they've got over apple going forward in the maps mess. back to you. >> so how does it work, john? you just program where you're going and just plug in and -- i mean -- >> enjoy the ride?
Sep 27, 2012 12:00pm EDT
to have to do even more right here. >> mcmurphy, how are you trading this? >> i'm kind of with john there, michelle. i was in the camp of hoping that bernanke didn't do qe3. so we got qe3, the market reacted positively initially to it and now you've had the sell-off recently. i think when you look at the data that came out this morning, the revision down to 1.3% on gdp growth, obviously, we needed this qe3. it was necessary. we need some more stimulus in the economy. and i think you have to look at what the market is telling you. what's the s&p telling you? we've had a pullback for five or six days. very orderly pullback. we've held all our key support levels. i think right now the market is still in an uptrend and you don't fight that. you add on weakness here. >> i think you have to be selective where you add. i'm slightly positive, so i still think the market can move higher. however, i've been increasing my short positions going back for some short positions, but i've played for rallies, such as in the material stock. the numbers coming out of china, very weak. i don't expect any stim
Oct 1, 2012 5:00am EDT
plane crash in spotsylvania county, virginia is expected to take months. 48-year-old john morton, jr. and his 13-year-old son kyle died in saturday night's crash. virginia state police say the father was practicing takeoffs and landings at the private shannon airport when the cessna plummeted into a mobile home park near the runway. it's believed he spent many of his final moments, the pilot did, trying to avoid hitting some of the mobile homes on the ground. no one on the ground was hurt. >>> the driver of an suv involved in a fiery four- vehicle crash is facing drunk driving charges. d.c. police say more charges are pending. sunday morning's crash in the petworth area of northwest sent six people to the hospital, including two police officers. at last word two of the victims were listed in critical condition with burns. two officers suffered minor burns while trying to free them. authorities have not released the names of those involved. >>> a coal-fired power plant in alexandria that has drawn the scorn of environmentalists for decades is closing today. it in 1949 but had been fo
FOX Business
Sep 27, 2012 11:00am EDT
. they returned to the battleground state at virginia. john roberts on the scene in virginia. john, how is it looking? i guess you don't know which way to turn, which campaign i pay attention to? >> there are a couple of hundred miles apart, but still same state, same day. governor romney was here the american legion home number 176 in springfield talking to veterans group. they talk about the potential effects of the looming defense cuts in virginia, it is estimated the state of virginia could lose 136,000 jobs in those events went through. it still remains all about the economy, all about jobs across the country in all the battleground states. yesterday they were in ohio, president obama talking about the idea that governor romney promised details on his tax plan, economic plan, but hasn't been able to deliver on those details at this point. governor romney is talking with the details because they will figure it out. governor romney today pounced on the lower gdp figures of 1.3%. reinforcing his idea, his argument this country can't afford another four years of president obama and tha
Sep 27, 2012 2:00am PDT
. i'm alina cho. >> so glad you're back. >> john berman is hosting "starting point" for us today. >>> football fans across the country can go back to cursing out the real referees again because the nfl lockout is finally over. the blown call that blew everybody's mind on monday night, sure lit a fire. the league and its referees reaching a new eight-year collective bargaining agreement. this was late last night. should we call it early this morning? >> early this morning. >> everything is moving quickly. all of this means no more replacement refs. commissioner roger goodell confirming the regular officials will be back on the field tonight when the baltimore ravens host the cleveland browns. jason carroll is here. the league had to move quickly. >> a lot of relief there. >> this was spiraling out of control. >> absolutely. we all remember what happened during that monday night game. 70,000 calls to the nfl because of that one particular play. there was definitely a lot of incentive to get back to the table and get this thing fixed. both sides working late into the night to make s
FOX Business
Sep 25, 2012 3:00pm EDT
states. >> john snow under president bush, a currency manipulator, tried to manipulate or at least soften what was happening in china but this is not incumbent or maybe he is right that you can't really tell china what to do. what you looking at? liz: senator chuck schumer sale of spike in the number of truckers crashing into bridgees and overpasses on highways where they don't belong. eight of ten of these crashes was two hundred year is caused by truckers being misdirected by global positioning satellites that wrongly put them on parkways where they should not be. senator chuck schumer weighing in. >> the gps directed me on it and many truckers do not know that the gps is not programmed to be the same -- or a 15 foot high tractor-trailer. the owner should be on dot to make sure. liz: he wants to probe the matter and investigate the matter and issue new nationwide standards for the gps industry but the problem is truckers are using these consumer devices and google maps -- the devices for truckers to use so they can avoid the parkways and the issuers, why not just to get them and keep th
FOX Business
Oct 1, 2012 3:00pm EDT
tech. if you notice, watching the markets today, you see the s&p and the dow johns industrials have been holding green, but the tech heavy nasdaq sold off, quickly went through, grabbed tech names, but you can see many of the names from advanced micro to seagate and apple in there, another name that's been selling off, and it's easy to find tech names under pressure here. the vix, as we know, the fear index, another factor. the dollar coming up off the lows. put that all together, and we're waiting for a jobs report friday with another element of uncertainty to the market throughout the week. sometimes it's the wait and see. these are the elements they wait to see. what's that report was eluding to. thank you. ashley: no ben bernanke bounce, maybe more of a thud. still up 62 points. nicole, thank you. has the u.s. economy tipped into a recession again? well, there's now serious debate as wall street analysts and economists dive into the new economic data and what it shows us. liz, what are the wall street analysts saying? >> there's an interesting debate. how consumer spending hangs
Sep 27, 2012 9:00am EDT
bartiromo will be sitting down with john thain on "the closing bell." lots of questions about whether the company is for sale, for instance. >> that's a committkey question sure he won't be answering. >>> take a look where we're standing on the markets. interesting move, apple actually trading to the down side today. so this would be, i believe, the fourth straight day of losses for shares of apple. down just a quarter of a percent, but steve milonovich cutting again the december quarter iphone shipment estimates down to 38 million. he said that upside is very unlikely love 40 million. and he is citing specifically the suppliers. we've talked about this a lot. but for the iphone 5, they switched to the in-cell display technology, and it's more complicated to make. and so there are some bottlenecks there. >> he also some bragging rights. he was cautious i think going into the launch. >> yes. >> shares down about 5%, i think, since the launch of the iphone 5. and now the "new york post," did you see this today, has a story that the samsung ad that ran during the football game has three
Oct 1, 2012 6:00am EDT
and john har ewood joins our politil conversations. accolade overdrive. zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> there was also football to watch yesterday. the eagles beat the giants 19-7. short on a 54-year-old field goal that would have won it. philadelphia held on to win. and in the other game of interest in the new york area, the 49ers beating the jets 49-0. 49ers, 49. >> no, 34-0. 34-0. >> a lot. >> 34. and -- >> 34 is right. we have it right on the screen, wrong in the prompter. >> it would have been 41. >> i stopped watching about the third quarter. >> quarterback took a dive on the 3 yard line to not score another touchdown and then go
FOX Business
Sep 25, 2012 1:00pm EDT
smart places to invest your money, the former not the latter. joining us to explain why, john burke, ceo of burke financial stratis about. what i love to this, this is back to old style peter lynch investing, invest in what you know. ashley: sin stocks. >> tracy, we're --. ashley: what the heck have i got myself into. tracy: because i knows i will ask about rick's cabaret. >> i can't help you there. we're getting a little concerned about the market because a year ago we had all these issues about the european economy and the american economy and of course emerging markets. fast forward today we're up 27%. all day we have the promise of good things to come. we're starting to get a little concerned especially with that fiscal cliff looming. ashley: is that the biggest threat? you mentioned d.c. continues to be polarized. as you mentioned the eurozone or global markets and emerging markets continuing to fade. it was same story as year ago as is now as you pointed out but what is the biggest threat? >> we think the biggest threat is the fiscal cliff. we have ceos out there delaying hiring de
Sep 27, 2012 1:00pm EDT
by the surprising weakness of the data coming out of the u.s." another coach, john riding says, "these orders," this is the durable goods data," "are putrid. we believe 9 weakness is tied to asia and europe as well as uncertainty over the tax environment for 2013." one piece of data. i don't know what kind of score you get on the vindicated doves here. but you can see the average coming down. the actual numbers before averaging them, 385 down to 359. get something improvement in jobs numbers together with the consumer snichlt jobs component was not too bad. we'll have to watch this closely. but right now we're taulg this vindicated doves and maybe there's another game out there, angry hawks but michelle has a much easier time of making this stretch of a metaphor to an app. all you. >> from vindicated doves, right? hi, simon. >> yes. let's get on with the bad piggies. i can't wait, michelle. not offensive to europeans at all. not offensive at all. you talk about the little piggies in southern europe. you go ahead with it. >> they went wee, wee, wee -- >> the new game is called bad piggies. thi
Sep 28, 2012 3:00pm EDT
. john ford joining us now. what exactly is tim cook thinking? is this something you could have seen steve jobs doing? >> well, yeah, marimaria. i can't tell you exactly what he's thinking. he's signaling to people this is a big deal. he's in the going to try to spin it. the only fix is to gradually make this product better. would steve jobs have apologized? maybe. four years ago when the mobile me service flopped, jobs sent a message internally to employees that conveniently leaked. it didn't say i'm sorry, but it said we screwed up, and here's what we should have done better. this map app is more of an issue. navigation is a central part of the mobile experience. i believe this is a pivotal moment for apple. the company's culture is set up to make it good at systems but bad at services. good at secrecy, bad at apologizing. steve jobs never successfully shifted the culture to fix the internet services problem. i think tim cook is signaling he's going to try. i'll add this quickly. it's crucial he succeed because between maps, i-cloud and other services, apple is going to have to get
Oct 1, 2012 3:00pm EDT
. on the fundamental side, john stevenson, with first asset investment in toronto. carter, you brought a rather long-term chart. >> sure, i did. >> to make your point today. >> right. actually we're on the side of the s&p here. just for fun -- >> you'd pick stocks over gold. here's why. >> here's the very long-term chart. it starts when the s&p was first conceived. >> what is this no. >> this is the ratio. simply taking the price of gold as it relates to the price of the s&p. one unit of gold, one unit of the s&p. the denominator changes or the numerator. in this case gold gets five times the price of the market. it's a function not so much of gold, but stocks collapsing in the '30s. >> when this chart goes higher gold was outperforming stocks. >> this is a function not only of gold, but stocks were terrible in the '30s. when the ratio spikes again in the '70s it wasn't so much stocks, but gold was really surging. that was the record high. right know we're about 1.2. the average if you take all this is about 1.5. it's not that out of skew in terms of where it's been historically. the eye wants to se
Oct 2, 2012 6:00am EDT
to prove it's you. who would ask for an i.d.? that's ridiculous. ohio joins 30 other states. and john harwood joins us to talk 308 ticks next. [ male announcer ] for the dreamers... and those well grounded. for what's around this corner... and the next. there's cash flow options from pnc. solutions to help businesses like yours accelerate receivables, manage payments, and help ensure access to credit. because we know how important cash flow is to reaching your goals. pnc bank. for the achiever in you. zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. >>> let's start with monday night football. although monday night football seems -- i don't watch it compared to sunday night football. but anyway, the chicago bears beating the dallas cowbokou boc 34-18. tony romo matching his career-high with five interceptions. way to go. in baseball news, washington nationaling clinched the national league eastern division title last night.s
FOX Business
Sep 26, 2012 7:00pm EDT
with a new fund-raiser. john bolton tomorrow on why he will not call enacted terror. and what is propping up and also the vote race for the white house. we will be right back. let's say you need to take care of legal matters. wouldn't it be nice if there was an easier, less-expensive option than using a traditional lawyer? well, legalzoom came up with a better way. we took the best of the old and combined it with modern technology. together you get quality services on your terms, with total customer support. legalzoom documents have been accepted in all 50 states, and they're backed by a 100% satisfaction guarantee. so go to today and see for yourself. it's law that just makes sense. lou: senator akin has new friends. conservatives announcing support after the deadline drop to about past. he said women rarely get to pregnant from "legitimate rape" . mike huckabee kumbaya gingrich come and they are all backing him again and with governor huckabee has been a stalwart supporter. they say they will make republicans pay and clear mccaskill is up by five points. some may say only fiv
Sep 26, 2012 9:00am EDT
? >> not necessarily. depends. >> a little bit like john chambers saying we're looking at possibly having a new ceo at cisco. >> given the staples organization yesterday, radio shack is likely to come out with something like that in the next few months or quarters. meanwhile, a new cfo at yahoo!. if you missed the headlines, she expects the company to have a strong mobile position by 2015. we're hearing a lot about 2015 lately. they will approve only projects that can draw 100 million users or 100 million in revenue. but a little detail on individual projects, per se. >> so that stock continues higher today. take a look at gold miners in general. gold price itself is down by about $15 a share. the miners are falling based on the precious metal falling as well. this is a story that you don't talk too much about, but there have been a rash of strikes in south africa. started with a mining strike where 46 people died in that strike. finally resulted in an 11% to 22% pay increase. so a lot of the miners in that part of the world are thinking wow, we strike two to push for these pay increases and that's
Sep 28, 2012 12:00pm EDT
. >> then you said it was that m & ms character. >> well. >> i mean slim shady. when john bonham passed away 32 years ago on wednesday. i know that. >> who is that? >> what's the question? >> u.s. bank corps. >> slow and steady wins the race. usb. it was an opportunity. >> dr. jay? >> top performers in the quarter. goldman sachs was up 22%. jpmorgan was tlaggard here. >> i love jp morgan. i'm in that name but i'm also in citibank. potential for growth there on the earnings side, transparency. i like that name as well. i think you can go well either way. jp morgan gives you more dividend yield right now. >> you like "the family guy"? >> i do. >> let's look at the biggest pops and drops in midday trading. micron. >> it's up a couple of cents. it's smack in the middle of the range we've had for the last year. if you want a stock that's been under pressure and you believe in the tape intel a much better play. >> dr. jay, what do you do? >> guidance was good, accenture. a lot of firms are upgrading guidance. it's been a great ride. i'm not getting off yet. >> a drop in yum brands of1%. weren't we ta
FOX Business
Sep 26, 2012 11:00am EDT
. reporting the 2012 first-half results. john nelson is the chairman and joins me now. quite a big change. quite a big change for you with the numbers. obviously no tsunami, fires or flooding in thailand, anything else that you did on the business side to really turn things around for the company? >> well, these results, frankly, are not of any surprise. 2011 was the worst catastrophe year for lloyd, second for the insurance market in history. a loss of 700 million in the first half of last year. that was a rather modest loss considering the impact. if you look at the numbers, we have basically catastrophe losses of about 300 million which plays 3 billion in the first half of last year. this is only half year. remember, in seasonal terms, lloyd biggest catastrophe exposure comes in the second half of the year. cheryl: let's talk about a couple other things. last time we were talking about vision 2012. you are talking about -- excuse me, 2025. thank you very much. you were talking about the vision for the company in the future. one of the things he told me you want to really expand to grow
FOX Business
Sep 26, 2012 3:00pm EDT
birthday, john casonne. a big, shining light has just entered the studio with me, and that is david asman. david: waiting with baited breath to get their hands on this hour. let's just you and i talk, though, first about housing. because we got these kind of mixed signals this morning on housing. on the one hand, we had this enormous price pop, more than 11% prices went up on median home sales in august. this is the biggest price hike ever for home sales. but on the other hand, the actual sales themselves, the number of actual sales, buzz lower than -- was lore than expectations. -- lower than expectations. cheryl: i think there's a couple things going on. and i think it was a temporary blip as far as sales volume, i think you're going to see it pick up especially thanks to ben bernanke and 50-year lows on interest rates, hole ri cow. and a lot of those home-building stocks, my god, they're up 900, 200% -- 100, 200%. david: i've got to argue with you on one point, do you really think a two-tenths of a percent drop is going to get people to buy houses? cheryl: i actually think that you are
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